More than 10 strategic investors from Lithuania, Norway, Malaysia, Poland, Russia, Ukraine and Belarus have expressed their interest in purchasing block of shares of state-owned enterprises (OJSC “Minsk Margarine Plant”, OJSC “Konfa”) and further investing in its growth.
Specialists of the National Agency of Investments and Privatization are evaluating the applications of the potential investors on correctness of the submitted data and its compliance with the specified requirements.
There are many large international companies operating in food industry among potential investors, but their names can not be open on this stage for confidentiality purposes. Every potential investor has an average turnover more than $20 mln (criteria for selection). Annual revenue of some potential investors is more than $1 bln.
Wide marketing company was realized by the National Agency of Investment and Privatization with assistance of Financial Consultant. Presentations of OJSC “Minsk Margarine Plant” and OJSC “Konfa” were spread through the vast circle of international companies operating in food industry and interested in investing in Eastern Europe. Information messages on search of strategic investors were published in local and international media.
Before the end of April, 2013 the Steering Committee will undertake the analysis of all submitted applications and prepare shortlist of strategic investors for the both enterprises of Pilot Privatization Project.
For reference:
AS a Financial Advisor to NAIP on food industry Pool of companies Minsk Margarine Plant OJSC and Konfa OJSC acts the consortium “Ernst & Young FLLC”, “Ernst & Young Legal Services” and the law firm “Aleynikov and Partners”.